Equitable Group Inc. Announcement

    




 TSX Symbols: ETC and ETC.PR.A 

 TORONTO, May 8, 2012 /CNW/ - Equitable Group Inc. ("Equitable" or the  "Company") today announced that it will recommend to its shareholders  certain additional amendments to its share option plan, which has been  submitted for approval at Equitable Group Inc.'s annual meeting to be  held on May 15, 2012.  "Specifically, the Company will recommend that: 

  





        (a) Section 1.4 of the Plan be amended to reduce the aggregate
            maximum number of common shares of the Company ("Common
            Shares")  that may be reserved for issuance under the Plan from
            1,501,840 to be 1,475,570 Common Shares; and

             

        (b) Section 3.5(c) be amended to require shareholder approval to
            (iii) extend the expiry date of an option to any Participant
            and not just to any Insider; (v) permit an option to be
            transferable or assignable other than as provided for in the
            event of the death of a Participant and (vi) amend the amending
            section of the Plan. "






  

 For further information, please refer to the Company's notice filed on  SEDAR on May 8, 2012. 

 About Equitable Group Inc.  

 Equitable Group Inc. is a niche mortgage lender. Our core business is  first charge mortgage financing, which we offer through our wholly  owned subsidiary, The Equitable Trust Company. Founded in 1970,  Equitable Trust is a federally incorporated trust company. It serves  single family, small and large commercial borrowers and their mortgage  advisors. It also serves the investing public as a provider of  Guaranteed Investment Certificates. Equitable is active in providing  GICs across all Canadian provinces and territories. We actively  originate mortgages in Ontario, Alberta and Manitoba. Equitable Group's  shares are traded on the Toronto Stock Exchange under the symbols ETC  and ETC.PR.A. Visit the Company on line at www.equitablegroupinc.com or www.equitabletrust.com. 

Equitable Group Inc.


CONTACT:  Andrew MoorPresident and Chief Executive Officer416-515-3519 


    

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